This page highlights IFRS Foundation news and activities over the past month:
In a speech delivered at Accountancy Europe’s event in Brussels, IASB Chairman Hans Hoogervorst sets out his views on developments in corporate reporting and their relevance to IFRS Standards.
Board Member Gary Kabureck explains how the PIR process works.
The Basel Committee on Banking Supervision and the IFRS Foundation have announced a new cooperation agreement to foster long-term financial stability, enhance market discipline and further develop sharing of information.
The Board published for public consultation proposed narrow-scope amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.
In this video, Board member Françoise Flores explains the reasons for the Board developing IFRS Practice Statement 2 Making Materiality Judgements and introduces its guidance.
The Board issued guidance on how to make materiality judgements, so that financial statements focus on the information that is useful to investors.
The Board confirmed the membership of its IFRS 17 Transition Resource Group (TRG), established to support implementation of the new Standard issued in May 2017.
The IFRS Foundation has published new materials to explain how the Board supports companies in their implementation and application of both new and existing IFRS Standards.
In this issue of The Essentials we help investors prepare for the introduction of IFRS 17.